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NYSE Technologies, a global leader in low-latency market data connectivity delivery solutions, today announced that the SIX Swiss Exchange (SIX) has selected the Exchange Data Publisher (XDP) as its data delivery solution. XDP has a unique suite of software components designed to ensure innovative exchanges and other liquidity pools meet their market data delivery challenges.
The launch of XDP is the result of more than two years of collaboration between SIX and the NYSE Technologies’ Exchange Solutions Division. XDP leverages NYSE Technologies’ core high-speed market data technology to offer a highly robust, scalable and flexible solution to data management and delivery.
SIX Swiss Exchange have introduced the SWXess Trading Platform to deliver greater capacity, reduce latency and facilitate increased levels of algorithmic trading. SIX is using XDP to provide the SWXess Market Data Service (MDS) module. XDP acquires market data from SIX’s internal systems, normalizes and groups it then quickly and reliably distributes it to SIX members. It also provides the operational and maintenance components for monitoring and control, in addition to a framework for delivering new ‘service packages’ quickly and easily to the market.
With XDP, liquidity providers can utilize an off-the-shelf infrastructure to deliver data in a variety of protocols and formats including NYSE Technologies’ Universal Trading Platform Market Data format. Its module architecture supports the addition of value-added content, new products and advanced bandwidth management features. XDP also fully supports NYSE Technologies new cutting-edge Data Fabric middleware to super-charge performance.
“Continuing to find ways to improve our services and extend our capabilities is of paramount importance to SIX,” said Chris Landis, Head of the Information Technology Division at SIX. “Working with NYSE Technologies to implement the Exchange Data Publisher (XDP) allows us to move forward with the confidence that our market data infrastructure can process rapidly growing market volumes while maintaining extraordinarily low latency.”
“The consistent rise in global market data volumes, programmatic trading and fragmented liquidity all fuel the need for ultra-low latency, flexible data management and a scalable market data delivery strategy. Exchange Data Publisher (XDP) allows exchanges to meet these demands today and plan for tomorrow,” remarked Stephen Morrow, VP Exchange Solutions at NYSE Technologies. “We will continue to collaborate with innovators like SIX to ensure that our solutions meet the challenges of this rapidly evolving marketplace.”
